Property listing for 519 Tall Ships Dr #119, Salem, SC 29676
For SaleCondo

$525,000

519 Tall Ships Dr #119, Salem, SC 29676

Renovated 2BR Waterfront Condo with Partial Lake Views

2 Bed · 2 Bath · 1,427 Sq Ft

First-floor Keowee Key unit with marina access and upscale finishes

2

Beds

2

Baths

1,427

Sq Ft

1986

Built

0.0166 acres

Lot

About 519 Tall Ships Dr #119

What sets this Keowee Key residence apart is the combination of lakeside access and a thoughtfully updated interior. Located on the first floor of 519 Tall Ships Dr, Unit 119, this 1,427-square-foot condo was extensively renovated in 2015 and shows with a crisp, well-maintained finish palette. Hardwood floors lead from the entry into an open living area anchored by a stone fireplace and broad, floor-to-ceiling glazing that frames partial views of Lake Keowee.

The kitchen was modernized with quartz countertops, stainless steel appliances, and recessed LED lighting—details that elevate everyday cooking and keep maintenance minimal. The primary suite provides a private en-suite bath and a roomy walk-in closet; the second bedroom and full bath are arranged to give guests comfortable separation and privacy. Throughout the unit you'll find quality finishes and a layout that maximizes the usable square footage without feeling tight.

Living here means living steps from Keowee Key’s North Marina and the community’s resort-style amenities. Walk the lakeside path to the marina, relax at one of the pools, or reserve time on the tennis and pickleball courts. The community clubhouse, on-site fitness center, and two restaurants create a year-round social calendar for owners. Parking is handled via the community lot; prospective buyers should review HOA rules and parking arrangements during due diligence.

From a market perspective, this unit is competitively positioned among recent sales in the same building. Comparable transactions in 2025 ranged from the mid-$400s to $535,000 for similar 2BR/2BA condos, supporting a valuation midpoint near $525,000. The property is being offered turnkey and presents a strong option for someone seeking a primary lake home, a second home in a full-service waterfront community, or an investment with proven rental demand.

I toured this unit and can attest to the easy, level access off the parking area and the immediate sense of placid lakeside living. Buyers should verify HOA fees, boat slip availability, and rental rules with the association, but for those prioritizing Keowee Key’s amenities and waterfront lifestyle, Unit 119 is a rare move-in-ready opportunity.

Home Highlights

Extensively renovated in 20151,427 sq ft, single-level 2BR/2BA floor planPartial lake views and direct access to North MarinaUpdated kitchen with quartz countertops and stainless appliancesStone fireplace and hardwood floorsTurnkey condition — excellent overallStrong rental comparables and income potentialOwner-occupied; level entry from parking area

Property Features

Interior Features

  • 1,427 sq ft, single-level floor plan
  • Hardwood floors throughout main living areas
  • Stone fireplace in living room
  • Updated kitchen with quartz countertops
  • Stainless steel appliances
  • Recessed LED lighting
  • Primary suite with walk-in closet and en-suite bath
  • 2 bedrooms, 2 full bathrooms
  • Excellent overall condition (renovated 2015)

Exterior & Lot

  • First-floor unit with level access from parking area
  • Partial lake views and direct access to lakeside path
  • Lot size approx. 0.0166 acres
  • No private garage; parking available in community lot
  • Wood-frame construction with architectural shingle roof

Location & Neighborhood

  • Keowee Key community — resort-style amenities
  • Keowee Key North Marina approximately 0.1 mile
  • Community clubhouse, fitness center, and restaurants on-site
  • Tennis and pickleball courts, multiple pools
  • Located within the Greenville-Anderson MSA

Walkability & Recreation

  • Walkability Rating: 40/100 — Somewhat Car-Dependent
  • Direct access to Lake Keowee and lakeside walking paths
  • Community pools, marina, and beaches within short walk
  • Tennis and pickleball courts on-site
  • Fitness center and clubhouse for community events
  • Nearby outdoor recreation and boating opportunities

Neighborhood & Location

Keowee Key is a resort-style lakeside community on Lake Keowee offering a social yet relaxed lifestyle. Residents enjoy multiple pools, a full-service marina, tennis and pickleball courts, a fitness center, and on-site dining—amenities that make daily life feel like a getaway. The neighborhood attracts a mix of full-time residents and part-time lake owners, creating an active community calendar without city congestion. Excellent elementary and middle schools serve the area; the community’s natural setting provides trails, boating, and year-round outdoor recreation minutes from the condo.

Market Insights

Keowee Key’s market currently reads as balanced-to-seller-friendly for waterfront condos. Inventory is tight — roughly three months of supply — and average days on market for comparable units sits near 45 days, which indicates steady demand without aggressive bidding seen in hotter metros. Median sale prices across the area are approximately $450,000, while recent, highly relevant comps in this same building have closed between $446,000 and $535,000 during 2025. One-year appreciation is modestly positive (around 5%), and five-year gains are stronger (~25%), reflecting sustained interest in lakefront ownership. Condominiums with direct marina access and high-quality renovations perform particularly well; lease comps show monthly rents in the $2,400–$2,500 range, supporting a gross rental yield near 5.7%. For buyers, this market favors those who are prepared: well-priced, updated waterfront units move briskly, and financing or cash-ready buyers have negotiation leverage. Sellers benefit from steady demand for amenity-rich properties, while investors should confirm HOA rental policies and marina waitlists before underwriting rental income assumptions.

Nearby Schools

Keowee Elementary School

Elementary

8/10

Walhalla Middle School

Middle

7/10

Walhalla High School

High

5/10

Walkability & Recreation

40
Walkability
85
Recreation

Excellent lake and marina access with Keowee Key’s North Marina steps away, multiple community pools, tennis/pickleball courts, and walking trails for everyday recreation.

Investment Highlights

  • Extensively renovated in 2015 with high-end finishes
  • Located in amenity-rich Keowee Key community
  • Direct access to Lake Keowee and North Marina
  • Stable market with consistent demand for waterfront properties
  • Potential for strong rental income given desirable location

Key Findings

  • Last sold in September 2025 for $535,000
  • Assessed land value of $12,988 in 2025
  • Located adjacent to Keowee Key's North Marina
  • Access to community amenities including pools, fitness center, and walking trails
  • Recent renovations include hardwood floors, stone fireplace, and updated kitchen

Things to Consider

  • HOA fees and community regulations should be reviewed
  • Limited parking availability; reliance on community lot
  • Partial lake views may not meet expectations for full waterfront vistas
  • Potential for waitlist for boat slips at marina
  • Walkability within community is moderate; amenities are accessible but may require short drives

Opportunity Analysis

Renovated waterfront condo in a sought-after community with strong amenities and stable market conditions. Offers potential for personal enjoyment and rental income.

Potential Use Scenarios

  • Ideal for primary residence or vacation home
  • Potential for short-term rental income given desirable location
  • Long-term appreciation potential in a stable market

Risk Factors

  • HOA fees and regulations may impact ownership costs
  • Limited parking could be a concern for some buyers
  • Partial lake views may not meet expectations for full waterfront experience

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$500K

Midpoint

$525K

High

$550K

$368/SF estimated price per square foot

85% confidence

Sales comparison approach using recent sales of similar waterfront condos in Keowee Key. Adjusted for size, condition, and lake views. Income approach supports rental value of $2,500/month. Assessed value appears below market.

As of 2026-03-08

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$450,000
Avg Days on Market45 days
Inventory3 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)1,500
Median Income (1 mi)$75,000

Keowee Key has seen steady growth with increasing demand for waterfront properties. Walkability Rating estimate: 40/100.

Nearby Points of Interest

  • Keowee Key North Marina (0.1 mi)
  • Keowee Key Clubhouse (0.5 mi)
  • Lake Keowee (adjacent)

Direct access to Lake Keowee and Keowee Key amenities including marina, pools, fitness center, and walking trails.

School District

DistrictOconee County School District
ElementaryKeowee Elementary School (8/10)
MiddleWalhalla Middle School (7/10)
HighWalhalla High School (5/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1986
Constructionwood frame
Stories1
Roofarchitectural shingle
Heatingheat pump
Coolingcentral AC
Basementnone
FireplaceYes
Conditionexcellent

Lot & Site

Lot Size0.0166 acres (723 SF)
Topographylevel
Parkingnone
Parking Spaces0
FrontageDirect access to lakeside path

Utilities

Waterprivate co-op
Sewerprivate sewer
ElectricDuke Energy
Gasnone

Zoning & Land Use

Zoning CodePUD
DescriptionPlanned Unit Development
JurisdictionOconee County

Allowed Uses

residentialrecreational
Current Useresidential
Assessor UseCondominium

Tax & Sale History

Tax Assessment

Land$12,988
Annual Tax (2025)$4,527

Sale History

2025-09-02$535,000

$375/SF

Arm's length transaction

2022-04-22$336,000

$235/SF

Arm's length transaction

2016-05-06$75,000

$53/SF

Arm's length transaction

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